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48 CEOs Taking Pay Cuts To Help Their Companies Survive the Coronavirus

From restaurant chains to movie theaters, airlines to publishers, nearly all major industries are feeling the financial impacts of the coronavirus pandemic. With major companies losing major money, many CEOs are stepping up and sacrificing their own salaries to keep their companies afloat. It’s worth noting that many of these salary cuts only affect executive base pay and do not include bonuses, stock options and other compensation.

Guess officially furloughed all U.S. and Canada store employees on April 2; it also furloughed roughly 50% of its corporate employees, Footwear News reported. Salaries were cut for all management positions, beginning at 15% for lower-level managers and going up to a 70% cut for CEO Carlos Alberini and chief creative officer Paul Marciano.

“These are some of the most difficult decisions our company has had to make in our entire four-decade history. And while many of these decisions have proven very challenging, … Read More

One woman weathers a career change and upside-down car loan to pay off $133,000 in debt

One-third of adults age 30 or younger have student loan debt, with the median burden hovering at $17,000. In Debt Diaries, we introduce you to those who took on their debt and came away with a better understanding of themselves. Their testimonials offer hope — and tools — to show that you, too, can overcome debt.

Amanda Williams is the founder and owner of Debt Free in Sunny CA, where she helps guide others to debt-free living by sharing tips, and fostering an in-person and online community. She and her husband, Josh, celebrated paying off more than $133,000 in debt in less than four years on July 5, 2018.

Amanda Williams Debt Diaries Profile (ABC Photo Illustration / Photo Courtesy Amanda Williams)

How Amanda’s student loan debt began

I took out private student loans to go to school for massage therapy. After graduating, I worked on several cruise ships

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Here’s Where You Can Pay For Groceries Online With an EBT Card

Shopping for groceries online has become a growing preference during the coronavirus pandemic.

Whether you’re ordering ahead to pick up your food from the store or getting your order delivered to your doorstep, online grocery shopping eliminates the need to go up and down aisles, potentially rubbing elbows with dozens of shoppers.

A June consumer behavior study of 3,000 adults found that 37% plan to shop more online and 23% will rely more on same-day curbside pickup as a result of the pandemic.

While online grocery shopping has its benefits, one drawback is that it typically requires you to pay with a debit or credit card. If you’re enrolled in the government’s Supplemental Nutrition Assistance Program, or SNAP, you can’t always use your Electronic Benefits Transfer (EBT) card online.

We investigated whether it’s possible to pay for groceries online with EBT and found several grocery chains that provide the accommodation.

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Australia to make Facebook and Google pay for news in world first

Facebook symbol on a motherboard - Reuters
Facebook symbol on a motherboard – Reuters

Australia will force US tech giants Facebook Inc and Alphabet Inc’s Google to pay Australian media outlets for news content in a landmark move to protect independent journalism that will be watched around the world.

Australia will become the first country to require Facebook and Google to pay for news content provided by media companies under a royalty-style system that will become law this year, Treasurer Josh Frydenberg said.

“It’s about a fair go for Australian news media businesses. It’s about ensuring that we have increased competition, increased consumer protection, and a sustainable media landscape,” Frydenberg told reporters in Melbourne.

“Nothing less than the future of the Australian media landscape is at stake.”

The move comes as the tech giants fend off calls around the world for greater regulation, and a day after Google and Facebook took a battering for alleged abuse of

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Australia to make Facebook, Google pay for news in world first

By Colin Packham

SYDNEY (Reuters) – Australia will force U.S. tech giants Facebook Inc and Alphabet Inc’s Google to pay Australian media outlets for news content in a landmark move to protect independent journalism that will be watched around the world.

Australia will become the first country to require Facebook and Google to pay for news content provided by media companies under a royalty-style system that will become law this year, Treasurer Josh Frydenberg said.

“It’s about a fair go for Australian news media businesses. It’s about ensuring that we have increased competition, increased consumer protection, and a sustainable media landscape,” Frydenberg told reporters in Melbourne.

“Nothing less than the future of the Australian media landscape is at stake.”

The move comes as the tech giants fend off calls around the world for greater regulation, and a day after Google and Facebook took a battering for alleged abuse of market

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What is Google Pay, and how do you use it?

Like everything else, the way you pay for anything, from a movie theater ticket to a new car, is changing. Google Pay completely takes your finances and makes them high-tech by allowing you to combine all your accounts in one secure place.

The best part is it turns your phone into your personal banking system, letting you make payments or transfer money in the blink of an eye. Learn all the steps you need to follow to get up and running with this service right now.

Google Pay for smartphones

In iOS or Android, you can use Google Pay within Gmail to send money to any email address — even a non-Google one.  While services vary according to country, you can also request or accept money using Gmail. Whether you’re paying or accepting payment, your information is encrypted and you can easily revoke access to your Google account on

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How a little-known 1980 law slashed pay for millions of truck drivers and created big-box retail as we know it

An Illinois truck driver in 1940.
An Illinois truck driver in 1940.

Ivan Dmitri/Michael Ochs Archives/Getty Images

  • Today’s network of big-box retailers and online shopping likely wouldn’t exist without the deregulation of the trucking industry 40 years ago this month.

  • The Motor Carrier Act of 1980, passed by President Jimmy Carter, slashed the cost of moving goods by truck.

  • It also eroded one of America’s great blue-collar jobs: truck driving.

  • A truck driver’s salary has decreased by as much as half since deregulation.

  • Visit Business Insider’s homepage for more stories.

When Larry Heine was a working man he drove a truck eight hours a day. He saw his family every night, owned his home, sent both his kids to college, and took his wife on vacation to Hawaii whenever he could land some overtime.

As a member of the Teamsters, Heine was guaranteed good health care and a pension. He retired at 51, receiving a cake

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Shopify Signs Onto Affirm’s ‘Buy Now, Pay Later’ Tech

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E-commerce platform Shopify and alternative finance provider Affirm have signed an exclusive deal to bring the latter’s buy-now-pay-later proposition to Shopify merchants, the companies said Wednesday.

Affirm will power the upcoming Shop Pay Installments feature — which, as the name suggests, will allow shoppers of eligible Shopify stores to pay for purchases over time, instead of all at once. The move represents a shift in technology, as Shop Pay currently uses buy-now-pay-later plug-ins, which require some coding to integrate.

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“With the acceleration of online spending, many small businesses must reinvent themselves. This includes embracing the rising importance of e-commerce strategies and meeting consumers, particularly young shoppers, where they are,” said Max Levchin, founder and chief executive officer of Affirm.

“By partnering with Shopify, the gold standard of commerce platforms for businesses that want to sell direct to consumers, we can

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Don’t pay full price, shop the best cycling shoe deals instead

Cheap cycling shoes might, to some, feel like hypocrisy. Yes, it’s possible to buy cheap cycling shoes that perform the task of clipping your feet to your pedals, but the performance will likely be lacking, and the durability will undoubtedly suffer. 

When searching Google for ‘cheap’ anything, you’re not intending on finding badly made, poor quality products. What you want is good value for money, or the best product within budget constraints. Our pick of today’s best cycling shoes deals is here to help you save money while choosing the best option for you. 

Cycling shoes, while simple in concept, are meticulously scrutinised in operation. Comfort is king but it’s closely followed by stiffness, weight and even style. 

Style is easy to gauge from pictures alone, weight is a simple numerical comparison, and stiffness is comparable to a point but comfort is difficult, especially when shopping online. Cycling shoes are

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As COVID-19 Continues to Fuel E-commerce, Buy Now, Pay Later Programs Evolve

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According to CB Insights, there are 67 fintech unicorns with a combined valuation of $252.6 billion. And notably, standouts from this list include “buy now, pay later” companies who, as e-commerce continues to rise during the coronavirus pandemic, have experienced exponential sales.

In May, PayPal reported having 325 million active accounts, having gained 7.5 million new accounts in April alone. And in June, the company announced it has expanded its buy now, pay later solutions to France making it one of the first payment installment solutions for small businesses in France. According to data from PayPal, 84 percent of French consumers are more likely to shop again at a retailer that offers installments.

Splitit also achieved record growth during the pandemic, achieving increased conversion and average order value as online shopping rates soared. On July 8, the company announced it had processed more

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